Wingstop Inc. Provides Business Update and Reports Fiscal First Quarter 2020 Financial Results

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Go back to Wingstop Inc. Provides Business Update and Reports Fiscal First Quarter 2020 Financial Results

Wingstop (WING) Tops Q1 EPS by 3c, Comps Rise 33%; Withdraws FY20 Guidance

May 6, 2020 7:35 AM EDT

Wingstop (NASDAQ: WING) reported Q1 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $55.4 million versus the consensus estimate of $55.72 million. Comps rose 33%.

Highlights for the fiscal first quarter 2020 compared to the fiscal first quarter 2019:

System-wide sales increased 18.6% to $429.9 million28 net openings in the fiscal first quarter 2020Domestic same store sales increased 9.9%Digital sales increased to 47.0% at the end of the fiscal first quarter 2020Total revenue increased 15.4% to $55.4 millionNet income increased 22.6% to $8.1 million, or $0.27 per diluted share, for the... More